India Replaces Japan As 2nd Top Steel Producer

Jan. 29, 2019

India has replaced Japan as world's second largest steel producing country, while China is the largest producer of crude steel accounting for more than 51 % of production, according to World Steel Association.

Fact file

  • The global steel body in its latest report noted that China's crude steel output jumped 6.6 per cent to 928.3 million tonnes (MT) in 2018. India's crude steel production in 2018 was at 106.5 MT, up by 4.9 per cent.

  • Others in the top 10 steel producing countries include the United States (86.7 MT) at the 4th position followed by South Korea (72.5 MT, 5th place), Russia (71.7 MT, 6th), Germany (42.4 MT, 7th), Turkey (37.3 MT, 8th), Brazil (34.7 MT, 9th) and Iran (25 MT, 10th).

  • World Steel Association (worldsteel) is one of the industry associations in the world.

  • Its members represent around 85 per cent of the world's steel production, including over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.

Source : Indian Express